Sales of new cars, including new Ford cars and other British brands, have been reported at very high levels so far this year, but it seems that the used car market is not lagging far behind.
According to information services provider Experian, more than 1,800,000 used cars were sold between April and June 2013. This is an increase of 4.5 per cent compared to the second quarter (Q2) of 2012, when used car sales were recorded at around 1,700,000.
Analysts at Experian have now said that used car sales in the UK are now showing the first year-on-year increase since Q1 in 2009.
Commenting on the figures was Experian Automotive’s Andrew Ballard, who said:
“Sales data is an indicator of the overall health of the automotive industry in the UK so the four year high seen in Q2 is a positive sign, especially when teamed with the upward trend in new car sales.”